On Monday, the multilateral development finance institution announced that it has appointed Astrid Manroth as the director for energy transformative partnerships, whose background in the finance sector boasts over 20 years’ experience.
Manroth joins the Bank from her current position as managing director for Sustainable Investments Europe and Africa at Deutsche Bank, Germany.
Her extensive experience covers investment banking and development finance in emerging markets, including over ten years of development finance experience in over 20 African countries including public, private and blended finance for energy, agriculture, and financial sector development.
Director to advance coalitions for the AfDB
According to the AfDB, Manroth has demonstrated a track record of high-level policy dialogue and successful project financing with governments, multi-lateral development banks, development finance institutions, bilateral development partners, civil society and the private sector, as well as management of multi- country programming and delivery teams.
The Bank’s President, Dr. Akinwumi Adesina, commented: “I am delighted that Astrid is joining the Bank. Astrid’s extensive global experience in managing private sector operations and investments, including infrastructure and power sectors, will be great assets for the Bank, as we build strategic partnerships and coalitions to light up and power Africa”.
Manroth’s various work capacities
Manroth started her career at JP Morgan Securities Ltd., London, UK, where she worked in various capacities including as head of credit rating advisory for emerging markets debt capital markets between 1997 and 2003.
Between 2003 and 2014, she worked for the World Bank in various positions, which recently included working as operations adviser for openness and aid effectiveness in the operations policy and country services department.
In this role, she was the institutional focal point for the World Bank’s openness and aid effectiveness programs, task team leader of the strategic framework for mainstreaming citizen engagement in World Bank Group operations and represented the World Bank on the Steering Committee of the Global Partnership for Effective Development Cooperation.
She also coordinated the World Bank’s publication to the International Aid Transparency Initiative. Prior to this, Manroth worked as World Bank’s Senior Infrastructure Finance Specialist, Africa Region, based in the Cameroon country office, and later as Senior Energy Specialist, Europe and Central Asia Region, based in the Ukraine country office.
Manroth holds a Master of Science Degree in European Political Economy from the London School of Economics and Political Science, London, UK; a graduate degree from Koblenz School of Corporate Management, Otto-Beisheim-Graduate School, Germany.